For a major corn, wheat and cooking oil producer like Ukraine, the short-term impact may be higher producer prices. The long term may be greater investment in rail and port infrastructure. Bloomberg reports that the UN’s World Food Program needs a record $13 billion for this year to deliver food in 83 countries. Concerned about political instability provoked by rising food prices, political leaders may prioritize food supplies over pandemic controls that throw people out of work, Bloomberg predicts.
For a major corn, wheat and cooking oil producer like Ukraine, the short-term impact may be higher producer prices.
